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Why choose a CIBC Flexible GIC?
This 1-year GIC is right for you if you're saving for a short-term goal or want a place to park your money while you explore your long-term investment options.
Easy access
Guaranteed returns
Multiple options
Find a GIC account that's right for you
The CIBC Flexible GIC is available in non-registered and registered accounts. If you have a savings goal in mind, such as retirement, consider putting your money in a registered account for the tax benefits.
New to GICs? Check out our glossary Opens a new window in your browser.
Non-registered
Posted rate: RDS%rate[4].FLGIC.Published(365_-_375_Days_D,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)%
Term and rate
| 1 year | RDS%rate[4].FLGIC.Published(365_-_375_Days_D,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].FLGIC.Published(365_-_375_Days_D,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)% |
For posted rates, go to GIC rates.
What you need to know
Type
Cashable
Access
Access your money at any time. Depending on how much you invest, there's a minimum withdrawal amount if you cash out early
Interest
- Simple interest is calculated and paid at maturity
- If you cash out in the first 29 days, you're not paid interest
- If you cash out after 29 days, you're paid full interest up to the day you withdraw your money
Fees
No fees
Renewal
You can automatically renew your GIC when it matures6 or deposit your principal and interest into your bank account
RRSP (Registered Retirement Savings Plan)
Posted rate: RDS%rate[4].FLEXI.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)%
Term and rate
| 1 year | RDS%rate[4].FLEXI.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].FLEXI.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)% |
What you need to know
Type
Cashable
Access
- Access your money at any time
- If you cash out early, you need to withdraw a minimum of $500
- If you withdraw some of your money, you need to keep at least $500 in your GIC. Otherwise, you have to cash out the full balance
Interest
- Simple interest is calculated and paid at maturity
- If you cash out in the first 29 days, you're not paid interest
- If you cash out after 29 days, you're paid full interest up to the day you withdraw your money
Fees
You'll pay a $100 fee if you transfer all or part of your RRSP funds to another financial institution
Renewal
We automatically renew your GIC at maturity6, unless you give us other instructions before the end of the term and we will repay you based on those instructions
TFSA (Tax-Free Savings Account)
Posted rate: RDS%rate[4].FLEXITF.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)%
Term and rate
| 1 year | RDS%rate[4].FLEXITF.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].FLEXITF.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)% |
What you need to know
Type
Cashable
Access
- Access your money at any time
- You need to withdraw a minimum of $500 if you cash out early
- If you withdraw some of your money, you need to keep at least $500 in your GIC. Otherwise, you have to cash out the full balance
Interest
- Simple interest is calculated and paid at maturity
- If you cash out in the first 29 days, you're not paid interest
- If you cash out after 29 days, you're paid full interest up to the day you withdraw your money
Fees
You'll pay a $100 fee if you transfer all or part of your TFSA funds to another financial institution
Renewal
We automatically renew your GIC at maturity6, unless you give us other instructions before the end of the term and we will repay you based on those instructions
Interested in other GIC rates?
How to invest in a CIBC Flexible GIC
What you need to get started
• Your Social Insurance Number
• You must be living in Canada
• A CIBC personal bank account to fund your GIC
Need an account? Apply for a bank account
• You must be registered for Online and Mobile Banking
Need to register? Register for Online and Mobile Banking
Fill out the application
Applying online only takes about 5 minutes. Want us to guide you through the application? Call us or visit a CIBC Banking Centre. If you're already a client, you'll spend less time applying.7
Review the details online
Keep tabs on your GIC using CIBC Online Banking®. Check your maturity date, interest rate, deposit amount and more at any time.
Explore our most popular products and discover a GIC that’s right for you. Our GIC calculator can help you select a product and show your expected returns.
